The Real Deal New York

Is 421a here to stay?

Short-term deal has industry gearing up for next round of negotiations
By Rey Mashayekhi | July 01, 2015 04:45PM

From the July issue: Out of a seemingly perfect storm of gridlock, an incomplete, last-minute deal on rent regulations and the 421a tax abatement program emerged in Albany late last month. But a key yet-to-be-hammered out provision could hamper developers’ ability to plan projects for the rest of the year. [more]